The National Water and Sewerage Corporation (NWSC) has revealed plans of setting up own Insurance and Investment Company, with the purpose of saving and borrowing the money from the company at a time of need to facilitate expansion of their services. Dr. Eng. Silver Mugisha, the Managing Director at NWSC
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Orient Bank has partnered with Prudential and International Air Ambulance (IAA) to officially launch a combined Medical and Life Insurance cover dubbed MedLife. This is a totally new product compared to what is already on the market which separates Medical and Life Insurance into two products. Speaking at the launch
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After recording an impressive growth of 42% in business and 58% in assets in 2018, Sanlam Life insurance has offered a bonus of 8% to its policy holders. The Sanlam Life Chief Executive Officer, John Lintari attributed the growth to increased awareness in the market for life insurance and the
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Uganda's Chief Justice, Bart Katureebe has apologized for the delayed judgment of the consolidated age limit appeals. Katureebe issued the apology this morning ahead of the Supreme Court Judgment the appeals, which are challenging the scrapping of the constitutional presidential age limit. In his opening remarks, Justice Katureebe attributed the
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In a bid to respond to the national need of safe blood, Goldstar Insurance has partnered with Nakasero Blood Bank to rally Ugandans donate blood. The blood donation drive is slated for 29th March 2019 at City Square starting from morning up to evening hours at raising Uganda’s blood units.
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dfcu Bank in partnership with MAC East Africa Limited and ICEA (Insurance Company of East Africa) have today launched an Asset financing campaign that will see customers purchase the latest Isuzu mu-X 2018 at a special offer price. The current market price for the luxury SUV is $60,000 but for
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The death toll from a landslide in Uganda last week has risen to 43 and displaced residents deemed most at risk in the disaster-prone region will be resettled immediately, the government said on Tuesday. Torrential rains unleashed a deluge of boulders, mud and water down Mount Elgon near the border
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Insurance has been called the “ugly duckling” of the financial services industry. Nobody seems to understand what it is about. We seem to have sat in one meeting and agreed that insurers are “thieves”. I have come across many people who think third party liability for motorised vehicles is a
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The opportunities for growth in Africa’s insurance industry are huge despite recent economic and political uncertainty. The insurance industry has done well to adapt to continuous disruption, with technological advances now considered the most important global trend disrupting the industry. Despite the additional pressures of unrelenting regulatory and insurance accounting
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Patients using insurance cards in Kenya are charged up to 50 times more than those paying in cash for the same procedure at the same hospital, reports Business Daily. The highly exaggerated cost of healthcare by health service providers when they bill patients with insurance cards is a cause for
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